The United Company Foundation
The United Company Foundation is a private 501(c)(3) foundation established in 1986 and headquartered in Bristol, Virginia. The foundation was created to provide assistance to charitable organizations in its local community and surrounding areas. It operates as a private non-profit entity providing grants to eligible 501(c)(3) tax-exempt organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$55.3M
+11.5% YoY
Annual Giving
$2.7M
+12.6% YoY
Grant Count
96
-11.9% YoY
Avg Grant Size
$28K
+27.8% YoY
Mission & Focus Areas
The foundation's mission is to assist those in need of help by providing assistance with food, shelter, clothing, education, youth programs, the arts, health, and wellness. The foundation aims to improve the quality of life in its community through financial grants to 501(c)(3) charitable organizations and philanthropic ministries.
Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and Culture
- Health
- Hunger and Food Security
- Support for the Economically Disadvantaged
Grantmaking
The foundation operates several direct programs:
Grant Range
$10,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia, Tennessee, and Maryland. The foundation also supports initiatives across multiple states including Arizona, California, Kentucky, Louisiana, North Carolina, New Hampshire, Ohio, Pennsylvania, South Carolina, Washington, and West Virginia. It funds both major cities and smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2024):
- Total Assets: $55,322,271
- Total Revenue: $5,269,135
- Total Expenses: $3,221,546
- Net Income: $2,047,589
- Total Liabilities: $334,000
Annual Giving: $2,733,348 (2024)
The foundation has been tax-exempt since January 1987.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,322,271 | $49,601,884 | $45,425,457 |
| Revenue | $5,269,135 | $3,293,117 | $3,143,121 |
| Expenses | $3,221,546 | $3,041,262 | $3,391,591 |
| Qualifying Distributions | $3,318,525 | $2,976,859 | $2,781,507 |
| Net Investment Income | $4,918,106 | $3,054,166 | $2,870,947 |
| Distributable Amount | $2,574,830 | $2,305,694 | $2,385,036 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from The United Company Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Staff:
| Name | Title | Compensation |
|---|---|---|
| James W. McGlothlin | Chairman/Director | $0 |
| Israel O'Quinn | President/CEO | $54,000 |
| Claire Davis | Executive Director | $75,000 |
| Fay H. Street | Secretary/Director | $0 |
| Barbara J. Bjerke | Treasurer | $0 |
| Julia K. Smith | Assistant Secretary | $0 |
| Frances G. McGlothlin | Director | $0 |
| Martha McGlothlin Bowman | Director | $0 |
| David A. Street | Director | $0 |
| Lauren Street Wagner | Director | $0 |
| Lois A. Clarke | Director | $0 |
| Tollisa Prater | College & Career Counselor | $55,000 |
The foundation has 3 employees on staff.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES W MCGLOTHLIN | CHAIRMAN/DIRECTOR | 5 | — |
| ISRAEL O'QUINN | PRESIDENT/CEO | 10 | $54,019 |
| FAY H STREET | SECRETARY/DIRECTOR | 1 | — |
| BARBARA J BJERKE | TREASURER | 1 | — |
| CLAIRE DAVIS | EXECUTIVE DIRECTOR | 20 | $75,000 |
| JULIA K SMITH | ASSISTANT SECRETARY | 1 | — |
| FRANCES G MCGLOTHLIN | DIRECTOR | 1 | — |
| MARTHA MCGLOTHLIN BOWMAN | DIRECTOR | 1 | — |
| DAVID A STREET | DIRECTOR | 1 | — |
| LAUREN STREET WAGNER | DIRECTOR | 1 | — |
| LOIS A CLARKE | DIRECTOR | 1 | — |
Contact Information
- Address: 295 United Ave, Bristol, VA 24201-3389
- Phone: 276-645-1436
- Website: www.unitedcofoundation.org
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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